Mortgage `tap' has been shut off (The Charlotte Observer)



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Mortgage `tap' has been shut off (The Charlotte Observer)

When you apply for a mortgage, your lender will request a credit report from a credit reporting company. This is usually a local or regional company. This company pulls together a credit report electronically. It usually comes from one or more of the major repositories, but it can come from several sources.

Mortgage `tap' has been shut off (The Charlotte Observer)

The rules of getting a mortgage have changed -- while you were on vacation. At the beginning of summer, you could have a marginal credit score, no proof of income and no down payment, and still get financing for a home. But that was then. Now the kids are heading back to school and lenders are running scared, worried about all the easy credit they granted over the past few years. With many ...

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Rules changes to stop credit 'piggybacking' (Inside Bay Area)

FOR YEARS, parents have been adding the names of their college-age children to their credit cards as a way to help boost the child's credit score. Starting in September, that practice will no longer result in the child getting a financial head start in the world of credit.

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Good credit? Good luck (The Post and Courier)

SUMMERVILLE — Susan Brooks has found the house of her dreams. The perfect place to watch her 14-year-old daughter grow and fly the nest. As a single mother of three, two of whom already are grown, Brooks, 47, has worked at Summerville Medical Center for 17 years and works a second jo...

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'Old-fashioned' banks weather the current storm over credit (The Salt Lake Tribune)

WASHINGTON - Richard Fairbank, the founder and chief executive of Capital One Financial, is one shrewd operator. He also hates to lose. So his decision this week to close his newly acquired GreenPoint Mortgage division, write off $860 million of his shareholders' money and run like hell from

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14-Year-Old Canadian Girl To Swim Lake Ontario (WNBC)

A 14-year-old Canadian girl wants to become the youngest person to swim across Lake Ontario.

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American Voices: Notable Quotes From the Week in Business (Bloomberg.com)

``There's a lot of pessimism out there.'' -- Gary Goldstein, chief executive officer of executive- search firm Whitney Group, predicting Wall Street bonuses may be cut for the first time in five years because of the credit crunch.

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Mortgage meltdown (Fort Wayne Journal Gazette)

When the subprime mortgage topic turns up, a lot of people tune out.

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Banking's stability is finally back in vogue (Fort Wayne Journal Gazette)

WASHINGTON – Richard Fairbank, the founder and chief executive of Capital One Financial, is one shrewd operator. He also hates to lose.

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NL team notes (USA Today)

nl notes

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Getting easy money for 'nonconforming' mortgage loans not so easy anymore (Asheville Citizen-Times)

The world of mortgage finance is in total turmoil. From late 2006 to the present, at least 129 U.S. lenders have sought bankruptcy protection or ceased operations. There is even a Web site, www.mortgageimplode.

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Mortgage `tap' has been shut off (The Charlotte Observer)

If the Credit Bureaus were able to verify any disputed information as correct, it would remain on your credit file. So you'll need to contact the creditor who is reporting the information. The creditor who reported the item is listed on the left or bottom of your credit file. If their phone number is not provided, call directory assistance in their city and ask for the creditor's telephone number. Call and ask them to mail you written proof and documentation that this is actually your account, since you do not believe the account belongs to you.

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